Goldwind completes restricted stock grant for 2024 incentive plan

Goldwind Technology has announced the completion of the registration for the reserved grant under its 2024 restricted stock incentive plan. The reserved grant, with a grant date of September 24, 2025, involves 2,828,173 shares of restricted stock at a price of 3.95 yuan per share. These shares are scheduled to be listed on November 4, 2025, and are sourced from the company's repurchased A-share ordinary stock.

A total of 52 mid-level management and core backbone employees are benefiting from this reserved grant. The restricted shares have a lock-up period of 12 and 24 months, with 50% releasable after each period, provided performance targets are met. The performance assessment for the first release involves a combined growth rate of net profit (2024 and 2025 compared to 2023) of at least 50% or a combined growth rate of operating revenue of at least 30%. The second release targets are higher, requiring a combined net profit growth of 85% or operating revenue growth of 60% over 2024, 2025, and 2026 compared to 2023.

The capital raised from the grant, totaling 11,171,283.35 yuan from the 52 participants, will be used to supplement the company's working capital. This transaction will not alter the company's total share capital or impact earnings per share.